The lockdown affecting large segments of the American public to try to curb the spread of the coronavirus is likely to last 10 – 12 weeks, or until early June, US Treasury Secretary Steven Mnuchin said Sunday. Americans are adapting to the biggest change in daily life since WWII with schools closed, sports canceled and […]
As the coronavirus sequesters millions of Americans and shuts down the US economy, it should be thought of as an investment in public health that lays the groundwork for a rapid rebound. That is the view of St. Louis Federal Reserve President James Bullard, who argues that a potential $2.5-T hit coming to the economy […]
Thursday, Senate Majority Leader Mitch McConnell released a huge stimulus plan to prop up consumers, companies and local governments bending under the economic consequences of the world-wide coronavirus pandemic. A centerpiece of the package is tax rebates to individuals of $1,200 and $2,400 for married couples. Rebates are completely phased out for taxpayers with incomes exceeding […]
$FMCC, $FNMA Thursday, the US Treasury said the government should draw up a plan to begin recapitalizing mortgage giants Fannie Mae (OTCMKT:FNMA) and Freddie Mac (OTCMKT:FMCC), while calling on Congress to develop a comprehensive housing reform that would allow them to be safely freed from government control. The Treasury’s plan, released in a 53-pg report, […]
FLASH: A Democratic presidential contender rolls out a package of veterans’ medical marijuana bills, the Alabama Senate has approved a restrictive medical marijuana bill, edibles are coming to Maryland, and more. National Democratic Presidential Candidate Seth Moulton Files Three Veterans’ Medical Marijuana Bills. Rep. Seth Moulton (D-MA), who recently announced he is seeking the Democratic […]
The ‘black market’ marijuana trade is “booming,” Smart Approaches to Marijuana Director Kevin Sabet said in a TV interview early Tuesday. “Drug dealers love legalization,” Mr. Sabet said, because “they get to undercut the legal price. The government, in all its wisdom, taxes marijuana to pay for schools. BTW, it is not paying for any […]
It is busy in state legislatures, the Michigan Court of Appeals rules against workers’ rights, and more. Arizona Arizona House Committee Approves Bill to Protect Edibles, Extracts. The House Committee on Public Safety voted 5-2 Wednesday to approve HB 2149. The measure would specify that the 2010 voter-approved medical marijuana law also includes any products made […]
Sunday, Acting White House chief of staff Mick Mulvaney said that President Trump will shut down the government again if he does not get border Wall funding. In a TV interview Mr. Mulvaney said the President is “willing to do whatever it takes to secure the border.” “I think he actually is,’’ ready to shut down […]
Polls: Marijuana Prohibition’s Days Are Numbered 2 of the country’s top polling organizations have released surveys this month showing support for marijuana legalization continues to increase and is now at record highs. A Gallup poll released on Monday had support at 69%, while a Pew Research Center poll released 2 weeks earlier had support at 62%. The Gallup figure […]
The Farm Bill Now Focused on Hemp US Hemp producers and several advocacy groups have agreed that legislation offered by Senate Majority Senator Mitch McConnell, (R-KY), could have a dramatic impact on the US Hemp industry. Hemp, predominantly used a fiber, is part of the cannabis family like marijuana. However, Hemp contains much lower levels […]
More Tax Cut Legislation on ‘Fast Track’ House Republicans unveiled a Y 2019 budget proposal Tuesday to send a message to their core supporters that repealing Barack Obamacare, cutting taxes and partially privatizing Medicare remain high on their agenda. The budget, which claims to balance by Y 2027 through $8-T in spending cuts, seeks to […]
Legal Marijuana is 1-Step Closer in the US On the legislation: “We’re looking at it. But I probably will end up supporting that, Yes.” Friday, US President Donald Trump said that he is inclined to support a bi-partisan effort in Congress to ease the US ban on marijuana, a proposal that would dramatically reshape the nation’s […]
President Trump To Make ‘Big Push’ for Tax Reform $DIA, $SPY, $QQQ, $VXX President Donald Trump will begin a major push next week to convince the public of the need for tax reform, with his focus on fiscal policy in a bid to win a big legislative victory by the end of the year. Gary […]
GOP Lawmakers Optimistic on Tax Reform This Year $DIA, $SPY, $QQQ, $VXX US Stock Market Indexes Climb to New Record Highs, as The Trump Rally Extends Paul Ryan (R-WI), the top Republican in the US House of Representatives will reassure America’s business leaders Tuesday that tax reform is on track for this year. In what […]
What to Expect When, Not If, Recreational Marijuana is Legal in California With the perfected idea of California on Recreational Marijuana (RM) is less than a year away, state lawmakers approved legislation that illustrates what that may look like, think: Marijuana samples at the county fair, home delivery, Organic label regulations and an industry a […]
Drug Overdoses in the US at All Time-highs Drug overdoses are at an all time high, drug war US Senators want to return to harsh mandatory sentencing. Fatal drug overdoses totaled nearly 60,000 last year, the New York Times reports Marijuana Policy Connecticut House Debates Legalization, But There is No Vote. The House debated the […]
US President Donald Trump’s 1st 100-Day in the Oval Office During the first 100 days, President Trump has done more to improve America and to stop the Government from interfering our daily lives during than any other President in history. Together, anything is possible Despite historic Democrat obstructionism, President Trump and Congress have passed more […]
President Trump’s Team is Drafting Tax Reform Legislation US President Donald Trump’s administration is working on a new tax reform legislation that goes beyond the House of Representatives’ tax reform blueprint, according to the latest reports I have received. “The House can go and do what they want to do. We are going to formulate […]
Medical Marijuana Update A new study suggests that medical marijuana can reduce opioid abuse, Arkansas and Florida continue to grapple with addressing voter-approved medical marijuana laws, and more. National Last Monday a new study found that legalized medical marijuana could help curb opiod abuse. A new study reported in the journal Drug and Alcohol Dependence […]
Medical Marijuana Update A package of implementation bills is moving in Arkansas, Florida Republicans use an implementation bill to try to impose restrictions on the voter-approved medical marijuana law, and more. Arkansas Last Thursday, A package of “fix” bills were moving. The Senate sent two medical marijuana bills to the governor’s desk, while the House […]
Barack Obamacare Scuttled, House Panel OK’s GOP Health Bill House Republicans scored a pre-dawn triumph Thursday in their effort to scuttle former President Barack Hussein-Obama’s healthcare overhaul. After 18 hours of debate and majority party-line votes, Republicans pushed legislation through the Ways and Means Committee abolishing the tax penalty Obamacare’s statute imposes on people who […]
Republican Senators Aim to Strip Aid to Palestinians US Senator Marco Rubio (R-FL) and 10 other GOP lawmakers re-introduced legislation Wednesday to strip US aid to the Palestinian Authority due to its support of terrorism. “It’s unacceptable that our taxpayer dollars are still being used by the Palestinian Authority to pay terrorists who have Israeli […]
US Embassy to Move to Jerusalem Bill seeks to counter Obama Admin refusal to call Jerusalem Israel’s capital A delegation of Republican senators is moving forward with an effort to freeze some funding to the State Department until the US Embassy in Israel is formally moved to Jerusalem, according to new legislation. The legislation comes […]
US Congress Planning Targeted Legislation Against the US and Iran $BA The Republican leadership on the Hill is waiting for President Donald Trump to take the lead US Representatives plans to vote on a resolution this week that will condemn the UN for its targeting of Israel, its leadership has already planned additional measures sure […]
Medical Marijuana Update Ohio becomes the newest MM (medical marijuana) state, but you cannot smoke it; a pair of contending Arkansas initiatives are coming up on a signature turn-in deadline; DPA identifies problems with New York’s medical marijuana program, and more. Arkansas As of Wednesday, a pair of medical marijuana initiative campaigns are facing a […]
Medical Marijuana Update The California legislature gets down to business, MM expansion bills become law in Colorado and Vermont, a “poison pill” California initiative fails to make the ballot, and more. California Last Wednesday, the Senate approved a medical marijuana sales tax. The Senate Wednesday approved a bill imposing a 15% sales tax on medical […]
Medical Marijuana Update Illinois’ medical marijuana program is set to be extended and expanded, the Ohio legislature passes a medical marijuana bill, the Ohio medical marijuana initiative is now dead, and more. Illinois Last Friday, the House approved an extension and an expansion of the state’s medical marijuana program. The House voted to approve a […]
Medical Marijuana Update In Oklahoma and Ohio, medical marijuana half-measures are being challenged by initiative campaigns, Oakland tries to create some racial equity in the industry, Maryland initiative hits another delay, and more. California On Tuesday, Oakland passed an ordinance designed to encourage minority participation in the industry. The city council unanimously approved a medical […]
President Donald Trump Will “Scrap” Obama’s Dodd-Frank Law $DIA, $SPY, $QQQ, $VXX Donald Trump says he will deliver a plan in the next 2 weeks to rewrite the Dodd-Frank law. A terrific result would be that Donald Trump and party members in Congress are aligned on that Top Republican priority. The Dodd-Frank plans will be […]
